Whose job is it to track the various corporate actions, such as bonus issues, dividends, or rights issues, in companies where the mutual fund scheme has invested?
A
Registrar and Transfer Agency
B
Custodian
C
Auditors of the Asset Management Company
D
Unit holders
Correct Option:
B
Explanation
The custodian tracks corporate actions such as bonus issues, dividends, rights issues, mergers, and stock splits for the securities held by the mutual fund and ensures that the corresponding benefits are correctly credited to the fund.
